Close Close

Life Health > Life Insurance

Welcome To India

Your article was successfully shared with the contacts you provided.

New World Marketing Inc. is working with Rajendra Sharma, an actuary, to help U.S. insurers enter the Indian life insurance market.

India has permitted non-Indian investors to own stakes of up to 26% in Indian life joint ventures since 1999. The Indian government now is considering proposals to increase the maximum stake to 49%.

Sharma, who is based in Somerdale, N.J., has provided India market consulting services for MetLife Inc., New York; New York Life Insurance Company, New York; and Prudential Financial Inc., Newark, N.J.

New World Actuaries, a subsidiary of New World Marketing, Houston, and Sharma will work to advise U.S. insurers about the considerations involved with entering the Indian market, such as a need to invest $25 million in a joint venture.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.